The BDI@964; what’s next…

Despite the single digits in all indices – except the volatile Capers, the BDI (Baltic Dry Index) …scored a double digit number of 16 plus points and now stands at 964 points… The Geopolitics remain the same and caution is advised for all fronts; John Faraclas’ daily market briefing:

The Capers’ BCI 2014with 65 points plus now reads 1,093 points..

The Panamaxes’ BPIwith eight plus points now stands at 1,260…

The Supras’ BSIgained nine now reading 807 points…

and the Handies’ BHSI was up just two points reaching 497 – and hopefully the 500 points mark, makes a rather questionable dry market. Time will soon tell…

The Wetswere both down; the last published BDTI (Dirties) and BCTI (Cleans) both lost one point and now read 642 and 545 respectively… Tankers, particularly VLCC’s are in demand, but how many can afford them…

An excellent analysis by Alan McCarthy can help you understand a bit the harsh reality; don’t lose hope though if you are strong enough to continue…

The WTI although it went above the US$ 47 mark, it fell below to US$ 46.92… we shall see the final one…

The Geopolitics remained the same and it is interesting to watch the Russian built up in Syria. Warships have passed the Dardanelles heading to the ultra hot East Med zone… Equally serious might be a possible clash in Venezuela. The Nicholas Maduro regime confronting the public in general might trigger even a civil war…

Let’s see how the week ends up tomorrow with the MIGRANTS, The Syrian and Iraqi Wars, the Erdogan despicable behaviour, Greece’s melodramas, BREXIT’s twists and turns, the US eager to see what’s next with the Russian affair and the presidential elections…

Have a nice evening and be on guard from any eventuality from Pirates and terrorists wherever you are!